Kallanish

Negotiations to refinance Sanjiv Gupta’s GFG Alliance have been thrown into doubt after the UK’s Serious Fraud Office (SFO) announced on Friday that it would investigate the group.

The SFO said in a statement that it is “investigating suspected fraud, fraudulent trading and money laundering in relation to the financing …

The sleepy CIS merchant pig iron trade has been stirred up with just one sale in the past week, when a trader sold a very long position to a buyer in Latin America. Meanwhile both Turkish scrap and Chinese iron ore reached new all time records last week.

A 30,000-tonne …

German carmaker Volkswagen Group predicts more disruptions in production due to the continued global semiconductor shortages. During the last few weeks, a number of global carmakers announced temporary stoppages of production units due to the lack of supplies, a trend expected to continue further in 2021. “Due to the increasing …

Speakers at the Kallanish Asia Steel Markets 2021 conference last week gave their outlooks on trade flows following the unforeseen Covid-19 shock to trade last year.

Derek Langston of SSY Consultancy Research pointed out that freight rates are at an 11-year high due to economic and industrial recoveries, container shortages, …